588 Monroe Street, Brooklyn (Stuyvesant Heights), NY, 11221 | $1,599,000

The One You Make Your Own.
Some houses arrive finished. Others arrive with something better: good bones, honest character, and room to become exactly what you need. 588 Monroe Street is the latter - a classic two-family Bedford-Stuyvesant townhouse that has remained in the same family for generations, cared for over time, and now ready for your next chapter.

Offered at an approachable entry point for townhouse buyers, this is the kind of opportunity that has become harder to find: a home with solid fundamentals, real architectural charm, and the flexibility to improve now, later, or over time.

Built 18. 67 feet wide on a 100-foot lot, the home spans approximately 40 feet deep with additional unused FAR of roughly 1, 494 square feet, creating the potential to expand if desired. The current configuration is the classic Brooklyn setup: a garden/parlor owner's duplex with approximately 2. 5 bedrooms and 2 baths, plus a 1. 5-bedroom, 1 Bath upper residence above.

What makes this property especially compelling is what hasn't happened here. It has not been over-altered, awkwardly chopped up, or neglected beyond repair. Instead, it remains structurally sound, functional, and move-in ready, with key systems, plumbing and electric, in working order. The family has lived here comfortably for years, maintaining the home and preserving the next owner from the kind of overwhelming gut renovation many townhouses require today.

Inside, there is a layered mix of old and new. Original details still speak throughout the home: ceiling medallions, ornate plasterwork, decorative wall and ceiling designs, the original staircase and banister, and beautifully preserved touches like the plaster ribbon detailing that carries through the foyer and stair hall. Kitchens and baths have seen updates over the years, offering usable spaces today while leaving room for cosmetic improvements tomorrow.

That is the key differentiation here: this is not a rescue project. It is a canvas. A house where a thoughtful renovation can honor the past while bringing the interiors into the present. Live in one unit while improving the other. Refresh room by room. Reconfigure as a magnificent single-family. Or maintain the two-family setup and enjoy the flexibility that comes with it.

And then there is the block. Located in the coveted Stuyvesant Heights section of Bedford-Stuyvesant, between Lewis Avenue and Stuyvesant Avenue, this stretch of Monroe is lined with handsome turn-of-the-century townhouses, mature trees, and the kind of streetscape that defines classic brownstone Brooklyn. When paired with amazing transportation, chic eateries, and dynamic shops, it feels residential, rooted, and ready to be deeply loved.

This is the chance to buy the house with the right ingredients in the right place - the kind of home where doing a little can go a very long way.

Find your sweet spot.

Features

  • Town: Brooklyn
  • Amenities: Garden;
  • Rooms: 11
  • Laundry: InUnit
  • Year Built: 1899
  • Cooling: Window Units
  • Patio: Yes
  • Service Level: None
  • Built Size: 18'x40'
  • OLR#: RLS20088330
  • Days on Market: 66 days
  • Website: https://www.raveis.com
    /prop/RLS20088330/588monroestreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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588 Monroe Street, Brooklyn (Stuyvesant Heights), NY, 11221

$1,599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,279,200 $1,279,200 $1,279,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.000% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.121% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,163 $7,669 $10,708
Total Monthly Payment $7,288 $7,794 $10,833

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.